This act shall be liberally construed to effect its legislative purpose of suspending for the aforesaid period any existing statutory limitation as to rate of interest or cost of money borrowed or provision of law with respect thereto and applicable to any county, municipality, school district, body corporate and politic, district or public authority, agency, commission or other public institution heretofore or hereafter created by the State, or any one or more counties or municipalities, but nothing herein contained shall be held or deemed in any way to effect or to impair existing contract limitations with bondholders or others as to rate of interest or cost of money borrowed without the consent of such bondholders or others given as provided in any such contract.
N.J. Stat. Ann. § 31:1-8
Liberal construction
Applied in 1 court decision — leading case 968 F. Supp. 924 - Baron v. Port Authority of New York and New Jersey (1997)
Most recently applied in 968 F. Supp. 924 - Baron v. Port Authority of New York and New Jersey (June 1997)
L.1969, c. 137, s. 2, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.